He’s made sure that he won’t be the only one who’s uncomfortable, though. There’s no money for his unsecured creditors, he said in his bankruptcy petition, which seeks to hand over all his eligible assets to a court official who will sell them to the highest bidder and wipe Minor’s finances clean for whatever he decides to do next.

'Choosing Chapter 7 is clearing the slate', said Bob Rattet, a bankruptcy lawyer in White Plains, New York. 'He isn’t required like Middle America to pay his debts, because they’re mostly business-related'.

Since then, Minor has been selling his art collection to pay debts. In 2010, he sold a painting of a blue-eyed nurse by Richard Prince and an aluminum couch by Marc Newson to help raise $21.1m for his creditors.